Transfield Services completes sale of the Mt Millar Wind Farm in SA

Transfield Services Infrastructure Fund (TSI) says it has completed the $191 million sale of the Mt Millar Wind Farm in South Australia to Meridian Energy Ltd.

Meridan is New Zealand's largest energy generator.

The receipt of the $191 million sale proceeds follows the $78.4 million (net of related fees) received on May 27 under the institutional and early retail components of TSI’s equity Offer, with the funds being used to repay debt.

The retail offer period of the equity offer closes at 1700 AEST on June 3 and TSI expects to receive a further $28 million shortly thereafter.